Forex Trend Analysis Report
Prepared for you on Tuesday, July 14, 2020.
United Arab Emirates Dirham/New Zealand Dollar (FOREX:AEDNZD)
Countertrend Down (-85) - AEDNZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid AEDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDNZD
The long-term trend has been DOWN since Jun 3rd, 2020 at 0.42330049
The intermediate-term trend has been DOWN since Jul 6th, 2020 at 0.41667030
The short-term trend has been UP since Jul 14th, 2020 at 0.41687905
Smart Scan Analysis for AEDNZD
Based on our trend formula, AEDNZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).